Operations News

Management by the numbers

Management is both an art and a science. Most agency owners forget about the science part. That is because owners typically are not formally trained in management techniques. Interestingly enough, the “art” side of management is difficult to learn for …

Big ‘I’ Bob Rusbuldt is on the job

Rusbuldt, chief executive officer of the Independent Insurance Agents and Brokers of America, needs no introduction to independent agents, insurance company executives or the power brokers in Washington, D.C., before whom he regularly champions agents’ causes and concerns, from compensation …

Legal and effective incentive compensation still under fire

There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually every other business distributing …

Legal and effective incentive compensation still under fire

There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually every other business distributing …

Charges and denials

Connecticut insurance broker R.C. Knox has paid the state $754,804 to settle allegations that it accepted undisclosed compensation from insurance carriers in exchange for placing insurance for the state. Attorney General Richard Blumenthal said R.C. Knox accepted $415,058 in “improper …

Minn.-based Securian Names Hal R. Harris National Sales Vice President

Securian Financial Group, Inc. has named Hal R. Harris, Naples, Fla., as its national sales vice president of individual annuities. Harris will lead all individual annuity sales management and marketing efforts within Securian Retirement Savings, a manufacturer and marketer of …

Freeze Joins Assurance Systems as Internet Sales Director

Ryan Freeze has joined Assurance Systems Inc. (AccuAuto) of Atlanta as internet sales director in charge of the firm’s new management initiatives. “Freeze will be a multifaceted employee, not only involved in the development of the product, but also in …

RI3K, Xchanging Launch London Market Electronic Insurance Exchange

The U.K.’s insurance community is poised to fully enter the electronic age with the announcement from RI3K and Xchanging of the “London Market Electronic Insurance Exchange” (FELIX). The new system is described as providing “a framework that charts the business …

Workers’ Safety Concerns Don’t Reflect Reality, Says Safety Council

While American workers recognize safety as a serious issue, their perceptions about their greatest safety risks do not mirror reality, according to a new National Safety Council survey. In the council’s 2006 American Worker Safety Survey, accidental injury, which is …

Klehm Joins RenRe Board

Bermuda’s RenaissanceRe Holdings Ltd. announced that Henry Klehm III, Global Head of Compliance of Deutsche Bank, AG, has been elected to its Board of Directors. His addition brings the total number of directors on RenRe’s Board to 11, of which …